Key Highlights

  • Amplitude (NASDAQ:AMPL) reported third-quarter Revenue of USD 110.6 million, up 25% from USD 88.6 million, with annual Recurring Revenue of USD 431 million, up 24% from USD 347 million.
  • The GAAP net loss was USD 0.19 per share against USD 0.18 a year earlier, while non-GAAP Net Income was USD 0.04 per diluted share against USD 0.02.
  • GAAP loss from operations narrowed to USD 24.6 million from USD 25.7 million, and non-GAAP income from operations rose to USD 5.7 million from USD 0.6 million.
  • Free Cash Flow was USD 5.8 million against USD 3.4 million, and customers with ARR of USD 100,000 or more increased 31% to 855.

Revenue Growth of 25% Meets a Record Non-GAAP Margin

Amplitude (NASDAQ:AMPL) announced third-quarter 2026 results on November 4, 2026. The San Francisco company sells an AI-powered platform for product analytics, and Statsig, which it names alongside its AI products, supplies experimentation tools. Remaining performance obligations were USD 497 million, up 27%. The chief financial officer called the non-GAAP operating Margin the highest in company history; the USD 5.7 million of non-GAAP Operating Income on USD 110.6 million of revenue is a margin of about 5.2% (calculated). Operating Cash Flow was USD 7.1 million, up from USD 5.0 million. The chief executive said customers are using more of the company's AI solutions, while the bottleneck for software teams has shifted to deciding what to build next.

Why the GAAP Loss Stays Wide Despite the Non-GAAP Profit

The gap between GAAP and non-GAAP results is mostly stock-based compensation. Stock-based pay and related employer payroll taxes were USD 28.8 million, up from USD 25.7 million, amortization of acquired intangibles was USD 1.2 million, and Impairment of capitalized software was USD 0.3 million. GAAP loss per share rose slightly to USD 0.19 on 126.0 million basic shares, down from 133.0 million a year earlier. Non-GAAP Earnings of USD 0.04 used 138.4 million diluted shares. Investors should weigh both sets of numbers, because the non-GAAP profit depends on excluding recurring costs.

Fourth-Quarter Outlook and AI Product Launches

For the fourth quarter, Amplitude (NASDAQ:AMPL) expects revenue of USD 110.8 million to USD 113.2 million, non-GAAP operating income of USD 7.0 million to USD 9.0 million and non-GAAP earnings of USD 0.05 to USD 0.06 per diluted share. Full-year non-GAAP earnings are guided to USD 0.07 to USD 0.09 per diluted share on 139.0 million shares. Full-year revenue guidance is USD 415.8 million to USD 418.2 million. The midpoint of the fourth-quarter revenue range, about USD 112.0 million (calculated), is only slightly above the third quarter. The company also noted a GitHub workflow in October linking its closed-beta Wave product with experiments. Product updates included general availability of Agent Analytics in August and Headless Amplitude in September. Risks listed include a history of losses, competition and customer retention.

Where Things Stand

Amplitude (NASDAQ:AMPL) grew revenue 25% and ARR 24% while expanding its non-GAAP operating margin, so the quarter shows operating leverage, but only on a non-GAAP basis. The GAAP loss per share widened to USD 0.19, driven by stock-based compensation. The outlook implies a flat sequential revenue line, so next markers are how quickly ARR keeps growing, whether large customers above USD 100,000 continue to expand and whether Statsig and the AI products lift consolidation of spend.